Paris (AFP) – Bruised and battered after a year of armed conflict, Ukraine has been crippled by a combination of monetary, budgetary, industrial, banking and energy crises that could make it dependent on outside help for decades.The country has suffered a series of shocks that has obliterated its fragile economy.Its vital heavy industry, in the east, has been completely hamstrung, with production plunging by a fifth — not helped by a sharp decline in steel prices.In addition, with foreign investors fleeing the uncertainty, the value of the local currency, the hryvnia, has fallen by around 50 percent since the beginning …read more
Source: Dunya TV
